Adeia Successfully Completes Debt Repricing
Adeia Inc. (ADEA)
Company Research
Source: GlobeNewswire
Reduces annual interest expense by approximately $3.4 millionReduces excess cash flow payment thresholds and increases financial flexibility SAN JOSE, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enhance billions of devices and shape the way the world explores and experiences entertainment, today announced the successful repricing of its Term Loan B, thereby reducing its future interest expense and increasing financial flexibility. The repricing lowers the applicable interest rate on the company’s Term Loan B remaining balance of approximately $561.1 million by lowering the fixed interest rate component and eliminating the credit spread adjustment. In addition, the excess cash flow payment thresholds have been reduced. There is no change to the original June 2028 maturity date and all other terms are substantially unchanged. The company estimates that the repricing will reduce the annual cash interest expense by approxim
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ADEA
News
- Adeia’s Pioneering Hybrid Bonding Technology Continues to Capture AttentionGlobeNewswire
- Adeia Enters into License Renewal with Mitsubishi ElectricGlobeNewswire
- Xperi Holding Corporation (NASDAQ:XPER) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Adeia Renews Media IP License Agreement with Panasonic Entertainment & Communication Co., Ltd.GlobeNewswire
- Adeia Inc. (NASDAQ: ADEA) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $16.00 price target on the stock.MarketBeat
ADEA
Earnings
- 5/6/24 - Beat
ADEA
Sec Filings
- 6/3/24 - Form 4
- 5/20/24 - Form 8-K
- 5/15/24 - Form 8-K/A
- ADEA's page on the SEC website